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‘Mental Recession’ Is ‘Straight Talk’?

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Posted on Jul 12, 2008
Barnes on Fox
thinkprogress.com

Next thing you know, they’re going to say unicorns are real, too. On an episode of Fox News’ “Special Report” late this week, Weekly Standard Editor Fred Barnes chimed in about McCain adviser Phil Gramm’s assessment that America was on the verge of a “mental recession,” calling Gramm’s statement “straight talk.”

“They claim about how bad the economy is—and it’s weak, no question about that,” Barnes continued, without pausing to explain exactly who they are. “They’re whining all the way through it.”

Follow this link to watch the clip.

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By mike112769, July 14, 2008 at 10:39 pm Link to this comment

One of the causes of the Great Depression was the public making a run on the banks to withdraw their money, due to a lack of trust in financial institutions. We can see this starting again now. This is NOT good. I realize and accept the fact that none of us really trust a bank; but if we withdraw all of our money, the predicted collapse of our economy will become a self-fullfilling prophecy.
As far as better gas mileage for our cars, if the public wants it, big business will provide it. Apparently the majority of the public has forgotten the lessons of the 1970s fuel crunch. As soon as gas went back down, everyone started buying land yachts again. Stop buying them and they will stop making them!
I’ve said it a million times, so I guess another one won’t hurt: The only ones to blame for the shape our country is in are the American people. We have been content to let things get this way while most of us have had our heads firmly up our asses. Now that reality is kicking us in the teeth, we don’t like it. There are a lot of us out here who seem to be like Cassandra: we tell you what’s coming, but nobody wants to listen. Here’s another prediction for you: neither one of the pukes running for President will change a thing. We NEED to get rid of both major political parties and start from scratch. Until we institute term limits for EVERY government office holder, and get rid of the damnable lobbyists, this country is well and truly screwed.
Remember: we get what we deserve.

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By Blackspeare, July 14, 2008 at 3:09 pm Link to this comment

If you look in Wikipedia under proponents of Economic Darwinism——you’ll find Phil Gramm’s picture.  His outrageous statement is true to his philosophy that in true Capitalism periodic recessions/depressions cull out the economically weakest and propel the strong to weather the storm and eventually achieve greater wealth.  We can see his happening in Russia——today Moscow has the largest number millionaires and billionaires in the world——of course government involvement helps to those with PI!

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By GW=MCHammered, July 14, 2008 at 1:32 pm Link to this comment
(Unregistered commenter)

In this free market environment now in serious need of new capital, I’m opening the first interplanetary banking system. This is a speculative venture so, should you invest, hold onto your ass ‘cause if you don’t, your ass is mine.

Eh, what’s that Mister Fox Barnes?

Oh, Bush already has us fully invested in such a system? Okay, then I’ll take my Golden Parachute and promptly exit stage left. Thank you and good luck with your high-priced project, ‘Screwing the Little People With Even Littler Psycho-babble.’

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By KMarx, July 14, 2008 at 9:19 am Link to this comment
(Unregistered commenter)

Can anyone be surprised to hear such comments from FOX? You shouldn’t be as their real motto is: We Distort, You Decide!

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By cyrena, July 14, 2008 at 3:02 am Link to this comment

By Smudge Martens, July 12 at 9:24 pm

“..Shouldn’t we embrace sky rocking gas prices as providing the critical mass to force the US and its citizens to demand the development of alternative forms of non-polluting energy?”

NO Smudge Martens..we should NOT ‘embrace sky rocketing gas prices’. We should DEMAND high mileage hybrid vehicles which the automobile industry industry is perfectly capable of coming up with, and COULD have come up with 30 years ago, if the OIL BARRON CORPORATIST REPIGLIGANS HADN’T PREVENTED IT EACH AND EVERY TIME!!

It is SUV’S and other gas guzzling vehicles that should be at SKY ROCKET PRICES, like maybe about 27 times the price of any other vehicle. Then, for the repigs that still insist on buying and driving them, they should pay MORE for their gas (I’d say about 50% more) and they should pay about 300% more for their licensing/registration.

Let’s see what else. Oh yeah..they should only be able to drive them between 2 and 4 am, monday through friday, with an extra hour every other Sunday. And they’ll need to pay a special toll to drive on any major highway. The toll should be anywhere from $1,800 per month to $2,600, depending on the weight and size of the vehicle. They should also be restricted to ONE LANE ONLY. Any violations of any of these requirements should come with an automatic 30 days in jail for the first offense, plus a fine.

Put these policies in effect for anyone who can manage to pay all of that just to show it off to their friends, and that’ll be fine. All of the revenue will be spent developing alternative fuel resources.

Meantime, GM and all of the others should be working their asses off to put hybrid high mileage vehicles in the hands of anyone who absolutely needs to drive. (and..some people DO you know). A $7.25/hr minimum wage salary for a part time employee doesn’t quite cover $7.00 a gallon gas to get to and from that part time job, and there are only 24 hours in the day, which makes walking to and from pretty inconceivable as well.

BTW. Much of the rural south and other places -cities, towns, places where people USED TO LIVE, - are drying up and becoming ghost towns because of your sky rocketing gas prices idea. And NO…they never drove fancy SUV’s.

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By Patrick, July 14, 2008 at 12:30 am Link to this comment
(Unregistered commenter)

Fred Barnes and Phil Gramm can read the writing on the wall, and it’s telling them that McCain is going to lose the election.  If it was the other way around, Fred Barnes would be praising the American people for their confidence and perserverence. But they aren’t winning, and in frustration they are lashing out.

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By GW=MCHammered, July 13, 2008 at 12:42 pm Link to this comment
(Unregistered commenter)

Are Americans whining or suffering over the economy?
(excerpt)

“Maybe Gramm, who’s now vice chairman of investment bank UBS and advises Republican presidential hopeful John McCain on the economy, thinks former employees of Bear Stearns, many of whom lost jobs and life savings, are whiners. Or people who’ve lost homes or seen their home equity disappear.”

“Fannie’s stock sank to $10.25 Friday from $70 last fall, while Freddie’s slid to $7.75 Friday from $67 a year ago. I guess Gramm can’t understand why their shareholders are whining.”

“Shareholders and workers at GM and Ford are also whining. If the financial panic abated, maybe people would buy their cars.”

“If Gramm hears whining, it’s because of the trouble in the economy. We’re facing challenges we haven’t seen in most of our lifetimes.”


http://www.nydailynews.com/money/2008/07/12/2008-07-12_are_americans_whining_or_suffering_over_.html

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By madison ford, July 13, 2008 at 10:42 am Link to this comment

These guys wouldn’t know a Wal-Mart from a Wendy’s.

http://hubpages.com/hub/Phil-Gramm-Needs-to-Be-Quiet-Now

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By rage, July 13, 2008 at 10:21 am Link to this comment
(Unregistered commenter)

Another afflictive avalanche of ReThugniCon horse manure from Grampers’ Straightjacket Regress!

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By Eric L. Prentis, July 13, 2008 at 10:20 am Link to this comment
(Unregistered commenter)

Mentioning Fox News and straight talk in the same sentence is a oxymoronic non sequitur.

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By hill country, July 13, 2008 at 10:17 am Link to this comment
(Unregistered commenter)

George Will would come out and defend Gramm. He’s the type of well-off Republican that would do such a thing.

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By Fadel Abdallah, July 12, 2008 at 10:57 pm Link to this comment

By Grousefeather, July 12 at 4:32 pm #
(Unregistered commenter)

Never mind the fact that most of the great fortunes accquired by these corrupt charlatens have been acquired illegally, immorally, or unethically. We have criminals running our country, our economy, our military, and our lives. Phil Gramm deserves a really good ass kicking for insulting the American people.
========================================
I am in agreement with you Grousefeather! However, there is another way of interpreting Phil Gramm’s words about America being in “Mental Recession”:

He might have meant that for America to accept mentally-retarded people like him and the neocons in general as their leaders for two terms of disaster, must be indicative that the whole nation that accepts such thing must be in “mental recession.”

This is just an educated attempt at analyzing what a devil’s words might mean; but it will always remain a matter of what’s in a devil’s heart!

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By Smudge Martens, July 12, 2008 at 10:24 pm Link to this comment
(Unregistered commenter)

How do you characterize a person, who aware of limited oil reserves and global warming made the informed decision to purchase a low-mileage SUV for no practical purpose other then to impress their friends and neighbors ... Perhaps as a “whiner” who should have known better?

If gas prices stay low, it will be decades too late to alleviate global warming. Shouldn’t we embrace sky rocking gas prices as providing the critical mass to force the US and its citizens to demand the development of alternative forms of non-polluting energy?

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By heavyrunner, July 12, 2008 at 9:51 pm Link to this comment

The replay of the Depression continues.

The media need to shift their focus to a debate between the ideas of Nader and Obama.  America is in trouble, and we need to open the debate so we can find solutions to the problems plaguing so many aspects of our country.

McCain keeps proving repeatedly that he is just an empty headed old fool completely devoid of original ideas.

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By Xntrk, July 12, 2008 at 8:58 pm Link to this comment
(Unregistered commenter)

It’s not just Fox News and those jerks - The political blog at the Post says Graham is right because we haven’t had the correct combination of numbers to call it a ‘recession’, yada yada yada.

Glossed over the whining part with some BS about shifting it to the pols rather then the public. Of course, with the melt down of Freddy and Fannie, it is probably mute anyway - How many more people will lose their homes because of big time manipulation of our monetary system?

I notice Congress and the Feds are already arguing about how big a check to write for the bail out of the bankers.

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By 2b4got, July 12, 2008 at 7:29 pm Link to this comment
(Unregistered commenter)

Proof that the McCain camp intends to use the same propaganda methods employed by the Bush camp…i.e. “we’ll tell ya what to believe”

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By Grousefeather, July 12, 2008 at 5:32 pm Link to this comment
(Unregistered commenter)

Sure, the big-shot bosses in the Republican party hate it when the peasants whine. The wealthy conservative bosses have a sense of entitlement when it comes to being in charge, and it’s their right to chastise the American workers to stop whining and take great pride in making their bosses rich. We should all cower to the corporate bosses and be thankful for trickle down economics and any rewards the bosses deign to sluff our way as we meekly and gratefully accept our subservient status.

Never mind the fact that most of the great fortunes accquired by these corrupt charlatens have been acquired illegally, immorally, or unethically. We have criminals running our country, our economy, our military, and our lives. Phil Gramm deserves a really good ass kicking for insulting the American people.

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